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Telco sector seen facing stiff headwinds

Telco sector seen facing stiff headwinds

PETALING JAYA: The telecommunications (telco) sector is expected to face difficult headwinds given the heightened regulatory pressure and competition that is unlikely to abate anytime soon, said PublicInvest Research analyst Eltricia Foong. “We reckon that the operating landscape for both mobile and fixed-line operators will continue to be challenging. In the past, the fixed-line broadband […]

October 7, 2018 | By | Reply More
Join hands and make the pledge

Join hands and make the pledge

PETALING JAYA: A total of 8,165 Malaysians came together at Sunway City to pledge their support for United Nations Sustainable Development Goals (UNSDG). They formed groups in the city’s key locations, including Monash University, Sunway Medical Centre, Sunway Lagoon, Sunway Hotel and Sunway Pyramid to hold hands in support of the goals. The number-8,165 represents […]

October 7, 2018 | By | Reply More
Ringgit to trade between 4.14-4.16 against US dollar

Ringgit to trade between 4.14-4.16 against US dollar

KUALA LUMPUR: The ringgit is expected to trade in the range of between 4.14 and 4.16 against the US dollar on stronger buying interest for the greenback, said Oanda Head of Trading in Asia-Pacific Stephen Innes. He said it would be challenging for the ringgit stay bullish amid the ongoing US-China trade tensions and concerns […]

October 6, 2018 | By | Reply More
Bursa Malaysia to see range-bound trading next week

Bursa Malaysia to see range-bound trading next week

KUALA LUMPUR: Bursa Malaysia is expected to maintain range-bound trading next week and hover between 1,805 and 1,776 points with external uncertainties expected to put a limit to the upside potential, said an economist. Bank Islam Chief Economist Dr Mohd Afzanizam Abdul Rashid said the market would be focusing on a series economic releases in […]

October 6, 2018 | By | Reply More
Ringgit closes almost unchanged against US dollar

Ringgit closes almost unchanged against US dollar

KUALA LUMPUR: The ringgit closed almost unchanged against the US dollar today on marginal demand, thanks to the improvement in oil prices, dealers said. At 6pm, the ringgit was slightly higher versus the greenback at 4.1440/1490 against 4.1450/1490 recorded at Thursday’s closing. Benchmark Brent crude was trading at above US$84 (RM349) per barrel today. Oanda […]

October 5, 2018 | By | Reply More
Bursa Malaysia ends week in the red on persistent selling

Bursa Malaysia ends week in the red on persistent selling

KUALA LUMPUR: Bursa Malaysia ended in negative territory today in line with its Asian peers on continued selling in selected heavyweights in the telecommunications, utilities, consumer products and services, and finance sectors. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 12.96 points to close at 1,777.15 versus Thursday’s close of 1,790.11. Axiata, Petronas Gas, […]

October 5, 2018 | By | Reply More
MyEG unveils blockchain-based payroll system

MyEG unveils blockchain-based payroll system

PETALING JAYA: MyEG Services Bhd has unveiled a blockchain-based payroll management software called “PayMe”. The group told the stock exchange that “PayMe” is designed specifically for companies that employ a sizeable workforce with dynamic remuneration, enabling them to record and manage overtime more accurately and efficiently. Pilot trials for the monthly subscription service will commence […]

October 5, 2018 | By | Reply More
Battersea Phase 2 deal extended till year-end

Battersea Phase 2 deal extended till year-end

PETALING JAYA: The acquisition of London’s Battersea Power Station (BPS) Phase 2 by Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) has been further extended till year-end from Sept 30. In filings with Bursa Malaysia, SP Setia Bhd and Sime Darby Property Bhd (Sime Property) said that Battersea Phase 2 Holding Co, PNB […]

October 5, 2018 | By | Reply More
Willowglen awarded RM139.36m Gemas-JB electrified double track job

Willowglen awarded RM139.36m Gemas-JB electrified double track job

PETALING JAYA: Willowglen MSC Bhd has bagged a RM139.36 million contract for the Gemas-Johor Baru electrified double track project. The group told Bursa Malaysia that its wholly owned subsidiary Willowglen (Malaysia) Sdn Bhd has been awarded the contract by Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd for the design, construction, supply, installation, completion, testing, commissioning […]

October 5, 2018 | By | Reply More
Zelan served with RM4.75 million claim from Dongfang Electric

Zelan served with RM4.75 million claim from Dongfang Electric

PETALING JAYA: Zelan Bhd’s wholly owned subsidiary Zelan Holdings (M) Sdn Bhd (ZHSB) has been served with a notice of arbitration from Dongfang Electric Corp (DEC) in relation to the 300-400MW coal-fired steam power plant project in Rembang, Central Java, Indonesia. DEC is claiming the outstanding balance of US$1.15 million (RM4.75 million) along with interest, […]

October 5, 2018 | By | Reply More